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Idfcfirstbank

IDFC First Bank very very interesting! Okay, this is for long term investors. If you are not a long term investor, the idea might not interest you but please continue to read and let me know what you think. :) So, let's talk trend-lines first. On Monthly charts, the stock is showing an up trend formed by higher highs and higher lows, well barring one red candle. Also, there is another trend-line where the stock took support before. I have marked each of those attempts that acted like support. If we were to go by the bookish definition of support and resistance, "a support line becomes a resistance". Now, what is that actual idea? Honestly, i feel fundamentally the bank has turned a corner. It has made an attempt to increase the retail customers over corps/institutions. While I would encourage you to read how that's good for a bank, I would just say in short - "lower the numbers to insti/corps, lower are chances of NPAs increasing". It is posting good results and has shown signs of being on the way up. I am going to mention a few levels below which are crucial. But if this crucial level is broken, this is a stock to GO LONG! What levels are crucial? I would say 35.75-36 are very crucial levels for the stock. If it gives a close on Monthly Charts above this level, then this could be a multi bagger at these levels. NSE:IDFCFIRSTB Give me a follow and like. :) Happy Diwali to you all.
NSE:IDFCFIRSTBLong
by sankatradesindia
IDFCFIRSTB - DESCENDING TRIANGLE BREAKOUTA descending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT........... Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a recommendation and is for educational purposes only. always follow risk-reward and quantity management for the 100% of the times The above mentioned idea may not work, so beware of the risk you are taking Follow me to Learn and Earn with me. Happy Trading!!
NSE:IDFCFIRSTBLong
by FAHEEMSAM
IDFCFIRSTB Short I hope you can now see how IDFCFIRSTB represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:IDFCFIRSTBShort
by EntryandExit
IDFC FIRST BANK LONGHere you can see a triangle has been formed, the rally after breakout has somewhat exhausted yet, the price is taking support from the 200MA which is a good sign for the stock to still go higher. You can take a position if you want on Monday, @33.20, and Target for 1st Target: Between 36 to 37 2nd Target: Between 41 to 42 SL: Look for a right SL in a smaller time frame (Eg: 15 MIN) you can see a good SL @32.75 OVERALL Risk to REWARD Ratio: 1:5 for the first target, 1:8 for the second target. Comment your VIEWS on THIS Disclaimer: Just for Educational purposes. Not financial tips or advice.
NSE:IDFCFIRSTBLong
by advertoze
12